My LCS is like a partner. He called me because he needed 90% for a good customer and in paid me $25 per dollar value. He also thanked me with 3 gold coins at $50 over spot. I know he resold the 90% for a profit. I like having an LCS near especially when I need to sell quickly.
The amount of good coin shops in America is slim. I think I’ve actually seen more bad owners than good . The good thing the shops still have going for them is Cash transactions and I think with that they can compete but Even then your never gonna see hot deals like the online dealers
Hi The Evil Cowboy! I find that each of my LCSs' have different things to offer, and all work a little differently! One thing is for sure, you really need to know your stuff when you walk into a LCS, Pawn Shop, Flea Market, etc. 😎
Nice to hear a shout out to Monument Metals! My #1 go-to online bullion dealer!! They've been getting new silver stuff in which makes it even more exciting to shop there. I discovered Dead Men Tell No Tales rounds today and could hardly wait to order some. Keep stacking y'all.
I am gonna give Monument Metals a look as I deal mainly with Hero 4 my small AG buys recently. Fast shipping with $150 free shipping and no issues,good prices.😊
I’m lucky, my LCS Is great, his prices are always better than any online bullion dealer, last week I paid $28 for Buffaloes and $18 per dollar face for 90% Keep Stackin bro
I wish there was a competition over which LCS has the lowest "sell to us" prices lol. I stopped going because I like to trade, and my LCS's price list includes buying back ASE's and Engelhard AT SPOT price. It's like a lot of these businesses want to fail.
Then you're going to the wrong coin shops. I pay $3.50 over spot for most generic rounds and bars. I pay $4.50 over spot for Maples and Philharmonics. Plus the best part of buying from your LCS is NO paper trail. Nothing connecting you to the sale. Which gives me some peace of mind.
Like I said there are many great coin shops out there but I’d say 2 out of 10 shops are great , that’s just been my experience and I’ve been to hundreds of shops across this beautiful country. I do like the fact I get to walk out with my silver or gold the same day , I like that you never know what your going to find and most importantly no paper trail but online dealers have much better prices and the convenience of it , just me .
I’m lucky here in Southern California. I have a good LCS and you’re right - it’s partly about the relationship. The owner is a stacker and really tries to be fair. Congrats on 3K subs.
Congratulations on the 3000 subscribers! You deserve it, Patriotic! Regarding LCS buys, you raise some good points. I don't buy a lot from my LCS, but I view it as a key relationship to have and maintain... and sometimes that comes with a premium. Keep stackin', my friend!
Definitely important to build a relationship ship with you local coin regardless if you buy from them Or not. Thanks for watching and being a friend weekly 😊👊🏻🇺🇸
I prefer purchase from Local Coin Shows though I still occasionally visit my LCS for small purchases. Southern ca, and surrounding area has at minimum 1-2 shows each month. This way i can avoid the Ca $2000 Tax minimum. coins shows have no minimums and no receipts, this is my preferred method. Subbed! Additionally I have yet to order Bullion Online
Thanks for the sub 😊and yeah there are some great LCS out there and I’m Also from a state that charges tax on metals however it’s only $1,000 so my trick to avoid it is buying over $1000 and we both know that’s not hard to do bc metals are very expensive or if I don’t want to spend $1000 I’ll send my packages to a friend out of state that doesn’t change tax and then he sends them to me , also my local coin shops don’t charge tax if I pay with cash so that’s another way to avoid that damn tax lol
I have often bought from the large online dealers but there is one advantage to a LCS and that is no paper trail to your purchase. Online dealers use electronic banking to make the transaction and that can be used by the government in the future if they want to confiscate ones precious metals. On top of that there are good LCS out there. You just have to shop around.
That’s a lot of variability with LCSs these places aren’t chain businesses, so each one is run differently. Still worth checking out, but some areas just don’t have them or have good ones. 🔥🦈🌊
The only real silver/gold shop near me is an hour away. Have bought 90% of what I have from one online provider. Some of it is because I didn't buy speciality stuff but mostly all Credit Swisse rounds and bars. No looking back. Pretty much done buying. I have my horde and satisfied to sit on it.
I have a great LCS, the man has been a coin lover all his life and is the go to guy for old coin expertise. Prices are a little higher on bullion than i would like, but I like the man and helping him keep the hobby alive.
See I’m a bullion guy , I’m pretty much a stacker I do collect from time to time but not much so bullion is my main concern and I want the best prices but you can’t beat a good relationship with your coin shop owner 👊🏻
Hi Patriotic Stacker! I love the LCSs' I frequent! I find they all have something different to offer! For example one has silver and gold in cases, another doesn't have anything out, you have to ask for what you are looking for. None of that bothers me, I just need to know that they do business differently. 😎I have one LCS that always gives me the lowest prices on silver and gold bullion!
Bought my first silver yesterday at a local pawn shop at over $5 spot. Either way i was happy since it was my first buy. But lost 1 bar somehow omw home. Might have fallen out my pocket when i got into my car. It kinda stung, so i kinda want to avoid accidents and try buying online.
Hero Bullion and Monument Metals are my go to .. I've only bought from those two vendors ..I'm new as well (3 months) .. that's rough losing one ..hero Bullion and Monument Metals I have my silver or gold in less than a week..usually 3 days
I’m within easy driving distance of a half-dozen coin shops, with quite a few more in the two nearby cities. What I’ve observed over the years is that local coin shops are great for the sake of convenience, and to talk shop, ask questions, and get free coffee and doughnuts. You can’t get that with the big online dealers. They both have their place, though. For LCSs, I’ve found that the ones who charge a bit more also pay more than I expect when I want to sell… plus, if selling, I don’t have to go through the hassle of packing and shipping bullion to a big online dealer, all the while worrying that my package will disappear between here and there. Finally, as you mention in the video, I do like to support my local businesses.
you're using the wrong sites, or buying less than $200 at a time... ....or both 😆 bank account instead of debit / credit card, free shipping for over $200
My LCS is usually a little cheaper than online dealers, the problem is 50 miles away and fuel is definitely a factor so I like getting stuff in the mail from Monument and Bold.
I feel this. There is no lcs near where I live so I buy all online through different dealers. It's mainly just watching and seeing who has the best prices at the time.
Exactly! I search about six dealers before I make the purchase and those dealers are usually Hero Bullion, Monument Metals, Liberty Coins, Bold Precious Metals, Bullion Exchange, and from time to time Great Lake Coins . I also do a lot of peer to peer
I'm still getting great prices at my LCS here on the south shore of LI. And I never spend more than +$2 on generic rounds and bars. 90% and ASEs as well.
My LCS is really competitive with gold, sometimes even cheaper than anywhere online. Not at all with silver though, usually right around $5-6 over spot even on generic, and not great on junk silver either.
Hey bro I’m going to sand Bridge Virginia Beach, VA in august 😎 I rented a condo right on the beach I’ll be there from August 26-September 2nd so a full week and silver and gold stack attack is coming up to stay with us for three days so you should definitely come and hang out , we can all go to my favorite dealer 😎👊🏻
I think the secret is to have an LCS as a partner-participant in stacking. (If you buy a fixed amount every month, the LCS owner will see you as a valuable customer - someone he wants to treat well to maintain the steady purchases, as opposed to the casual walk-in, where they are more inclined to get top dollar for their stuff) I am blessed to have a good LCS near me, and his prices are usually cheaper than the budget online places like Bold Precious Metals. (as an example, he sells new bullion silver at +$3.50 over spot - stuff like 10oz Germania bars, 1oz Buff rounds, +$2.50 over for secondary market silver etc) - He does have a 20oz minimum purchase though. I have only sold metals a few times (8 ounces of gold over 2 sales and 300 ounces of ASE's on a single sale) My LCS paid more than I was quoted at the online places I got quotes from, and I got paid in cash on the spot, and I did not have to mess with shipping anything out. I have 3 other places near me, and between those 3 and online, I would do what you are saying and go with online buys.
That’s a great coin shop you got , definitely a keeper and you will find great shops like that from time to time , I mean me and my LCS have a really good relationship and treats me good but sometimes I have to put them in check on the prices lol but yes I agree ! Establish a relationship 👊🏻
If you look up Dart Stamp and Coin Google review my review Is the most viewed 😎 I have a very good relationship with my dealer but I’ve noticed outside of my coin shop the prices are not the greatest but that’s not all of them I do find some keepers from time to time
Love the local L.C.S. sometimes can get real good bargains on harder to find older bars, Also 90% a little higher, but sometimes find the harder to find dates.
I also much prefer online bullion dealers over my local coin shop due to their prices. Once I went to my LCS for capsules to put on coins they never get and the owner said I should support them more and I explained that online bullion dealers have great sales and value but he disagreed with me
Guess its different depending on where in the world you are. Here coin shops - at least the ones with owners active online - usually are relatively competetive compared to bullion dealers. But it depends on which coins - the local coins are usually cheaper at the bullion dealer. However if you want to sell and don't want to spend the time and hassle to sell it privately then if what you have is just about bullion - then at least for gold the bullion dealers often offer you the most. Just be open minded and trade where ever you get the best pricing - at least when competition works well and there's room for both types of businesses.
I’d you’re a straight stacker it might be hard to find deals at local stores. Imo the local lcs is for collectors mainly. My lcs always tells me it’s hard to do much with general bullion or generic rounds. The margins a slim and they have to make a profit
Exactly! I mean that’s what coin shops were all about back in the day it wasn’t until recent years they started getting bullion. Just think if it wasn’t for shops selling bullion they would be long gone bc there aren’t as much collectors now like it use to be . Numismatic is better for profit and bullion is all about quantity so it’s definitely harder for shops to make that profit so I understand why the bullion tends to be more expensive vs online but tbh I noticed that numismatic are cheaper at LCS
Those RCM bars torment me. I am lacking in the 10oz RCM bars. I have tons of other bars like Britannia and vintage stuff, but I think RCM bars are the best to stack. I need to get more. :-)
If you become a good customer and become loyal you will see some appreciation from them if you don't they will only see you as that guy that never buys
@@patrioticstacker I stopped at a pawn shop they had 3or 4 buffalos I bought them 25 each He said I have two rolls of these I bought them Nice guy said he would let me know when something comes in 👍
I like variety. Some of my favorites include the Scrooge McDucks Nuie silver ounce rounds! When I was a little kid I liked watching Duck tales and dreamed that I had enough gold to go for a swim in it. We grew up poor and only could afford to eat cheese sandwiches with ketchup packets.
Once they started adding tax to California residents, I stop buying from coin, shops and online dealers. Found a bunch of good dealers/people through coin groups on Facebook. Best way to stack Ag/Au/Pt imo. Thx
Exactly. Got to find those loop holes . I mean I live in ny so I know all about it but this is what I do so I don’t have to pay tax I’d spend over $1000 each time and that’s really easy to do bc metals are definitely not cheap but if I don’t want to spend $1000 I’ll go to my LCS and pay cash or I’ll ship to a friend out of state and he sends me my package
I like fractional gold (1/4s) and 20 gold francs. I looked at SD, Amex, J/M, Provident.... and the best 20francs has been at a LCD consistently. ALSO...... I live near the border, and THE BEST 1 oz gold bars I have consistently found is in Vancouver! They usually beat everyone ...online big boys, and my LCS by about 20-30$ on a gold 1 oz bar. When I am up there, there is always one of the three I frequent who cream everyone. They seem to rotate their competitiveness, so a stacker needs to phone and compare. These dudes are bullion dealers though..... they are all about weight and purity. Collectibles are not their bag. PS... the only problem is zero on line access to product
Was looking to score my first one ounce gold coin, either an ASE or Britannia. JM Bullion $2,003. SDBullion $1,978 My local coin shop $1,960. I also bought some 1/4 ounce gold eagles from the same shop much less than the online dealers wanted. Another thing I like about the local shops I can pay in cash without raising red flags at the bank using wire or debit card options. I guess it depends on the shop. I personally love my local shop and have built a really good relationship with them.
My LCS pays spot or back of spot. He sells 1 oz generic rounds for $35 and coins for up to $50. I pick up something every other week just to support the local business, but 99.9% of my bullion I buy on-line.
I do only pay cash try not leave a trail don't tell them where you live or give a email for them for a online newsletter. If you pay online to a dealer you have give your card details leaves a trail for government to find and take your gold or silver by force when it starts to run out. It will in 9 years time everyone who uses silver will feel the pinch prices will shoot up to £2000 a ounce & then $60-70,000 a ounce when silver only exists in private hands not in mines or banks anymore. Silver in India sells for 3x the amount what it sells for in the west which I've heard from people who trade in Bullion.
Yeah that’s very true , I mean I do buy from my coin shop from time to time but mostly a online guy but yeah if they ever decided to come knocking at my door they will be looking down a double Barrel
In my area, there are clearly pawn shops and coin shops, and they are very different. Almost all the pawn shops are trying to steal product from their customers and sell it at an almost retail price. Most people walking into a pawn stop need the money. They're not just looking to trade up or get something different. If the shopkeeper can screw ninety percent of their clients product, they just get used to it. Of course, there are exceptions, but that's what I find in my area around the Md. Va. and DC. On the fl I p side, coin shops are much more relationship oriented. If your typical coin shop customer walks in and feels like they're getting screwed, they walk out..
My local LCS sell Silver Eagles for $30. Will buy them from him before online. But online beats him on other PM's. Just need to shop around like any thing else.
I have one LCS that treats me really well. But for most coin shops I tend to agree that you can get it cheaper from good online dealers. I’m starting to really like peer to peer transactions as well
Exactly. For every 10 coin shops you are lucky if you find two good ones but yeah a lot of good online dealers and yes peer to peer is great but can’t stress it enough to make sure you get references from other buyers and sellers. Thanks for watching 😎👊🏻
I wouldn't buy from a LCS at those prices either. My shop has generic rounds and bars at 3 over and we have 10oz scottsdale stackers for the 2.50 over. Eagles are 7 over.
I hear UA-cam channels recommending SD Bullion, APMEX, JM Bullion, etc - these places don’t have “consistently” better pricing than my LCS. Yes, SD Bullion pulls their “Silver Coin at Spot” - thanks for the ONE coin to get people to buy other stuff BUT then they STICK in that 9.95 (5-10 day shipping) or that 14.95 PREFErred by customers Shipping rate. Yes, if I want a one-off item then maybe but my LCS is better.
You know why they are pushing those crappy expensive online dealers? It’s bc they line their pockets 😑 they aren’t pushing them bc they a good companies it’s literally bc they are getting paid , I literally just called out SD bullion like two vids ago , go check it up . Monument , Hero, Bold, liberty , bullion exchange in my opinion are by far the best dealers online
It depends on which state you are buying from as far as taxes go.Most states(about 40 maybe) don't charge tax.When I started stacking AG a few years ago,I paid tax on my online buys.11% then but now has been eliminated.Arkansas.
They can not compete and they do not have the capital to buy your metals when need to sell.Ask yourself if you needed to sell could your LCS handle 50,000 dollars [or whatever the type of currency is at the time?????].!!!!!MONUMENT IS THE BOSS.
Being that it is an unregulated market and the market is real small LCD can pay what ever they want. Around my parts LCD always pay less than spot, always.
Hi Mane! That's just cruel! Have they not paid attention to premiums over the past 3 years? That's odd, but I've seen this type of comment a few times before. I guess it may depend on where you live. 😎
I don’t know about ur LCS, but mine will always beat the online retailer, even on their specials. They just look it up on the phone and beat it. Even if it’s $1-$4 less than what’s in their board…
I dont have much of a selection around me and previous purchases i could have easily get a better deal elsewhere, i did visit a couple counshops just outside of town, and did get some good deals, but i think it was a fluke, one sold me foreign coins at spot, another some proof sets, thou the stuff in the window could easily be sourced elsewhere for cheap. A shop/dealer ought to make money off the spread, unless they get reasonably equal amounts in and out themselves have to source it online at a premium and merk it up some more when they have more demand than offer
Hero bullion best prices, I see your in Orange County. I'm in NYC.. Anyone in Manhattan do you know of that has good deals ? Local shop near me went under due to greedy Landlords
I don't think the igr bars are generic, they are my favorite 10 oz silver bars, now my igr bars are the old style with the serial numbers stamped the bar in plastic with an Assay card on the back, i bought the 2, 10 oz when spot was really low, $218.00 for each bar, mine are the old style bars make iook generic mabee thats. what you meant? 10 ounce silver bars are thick
I appreciate your videos however I don't agree with you. I will only buy from my LCS. No shipping charges and payment is only in cash. I don't want my transaction tracked online. If that's what works for you great. I just don't agree. My LCS is usually better price than online maybe I've just been lucky 🍀
You definitely got a gem of a coin shop 👊🏻 yes i mean cash is king but at the same time what’s the difference? Every time we buy a gun If we use cash or card it’s all still logged. Besides best of luck to the person or persons coming to my house to take my metals or guns . GOOD LUCK LOL thanks for watching 😎👊🏻🇺🇸
I'm not sure about you but I like my privacy too much to pay with a check or worse yet credit card I'll bay a fraction more to be anonymous but you do have your opinion
I’m big with privacy and layered security but at the same time I like to get the best price for my dollar , I do know there is a paper trail when buying online but If anyone decided to come knocking at my door well they will be greeted with a double barrel
Hmm it’s hard to say bc some dealers might be cheaper on 10oz bars and some might be cheaper on 1oz rounds . Your best bet is to shop around . So say you want a tube of eagles before you purchase just check out four or fix online dealers before pulling the trigger. I have luck at Monument , Hero, Bold precious metals , Bullion Exchanges, Liberty Coin , Great Lake coin , And even eBay from time to time
US Gold Bureau out of Texas has pretty good deals almost or close to Hero.Private Co. not affiliated with the government.They offer free shipping on $99 orders and I buy there when my $ are scarce.
You and yankee are intresting to. Watch i made a coment that yankees tim prices are high and his viewers attacked me i tried to buy from tim and could not pay that much more they said i bidnt know he was more yes i do been there
My LCS beats online dealers all day long.
That is what you call a Gem aka home run
coin shop 😎👊🏻
what town?
Same here. Keep stacking!
@@buyystocks Fort Collins CO
Some of Mine do too but the selection is limited in my area. Treasure coast area of Florida
My LCS is like a partner. He called me because he needed 90% for a good customer and in paid me $25 per dollar value. He also thanked me with 3 gold coins at $50 over spot. I know he resold the 90% for a profit. I like having an LCS near especially when I need to sell quickly.
That’s a great LCS ! Very important to have a good relationship with a coin shop owner
I try to go to my LCS at least once or twice a month even for something small. They always are happy to see me.
Pays to have a good relationship with the LCS
The amount of good coin shops in America is slim. I think I’ve actually seen more bad owners than good . The good thing the shops still have going for them is Cash transactions and I think with that they can compete but Even then your never gonna see hot deals like the online dealers
Exactly. I mean I do like the fact I can walk out with my metals the same day but like I said those damn $5 over spot bs lol
Hi The Evil Cowboy! I find that each of my LCSs' have different things to offer, and all work a little differently! One thing is for sure, you really need to know your stuff when you walk into a LCS, Pawn Shop, Flea Market, etc. 😎
Nice to hear a shout out to Monument Metals! My #1 go-to online bullion dealer!! They've been getting new silver stuff in which makes it even more exciting to shop there. I discovered Dead Men Tell No Tales rounds today and could hardly wait to order some. Keep stacking y'all.
Monument is by far one of the best and deserves all the shoutout 😎 yeah I’ve seen the new stuff coming in almost weekly . Thanks for sharing 👊🏻
I am gonna give Monument Metals a look as I deal mainly with Hero 4 my small AG buys recently. Fast shipping with $150 free shipping and no issues,good prices.😊
Absolutely, no other online dealer has metal prices as low as MM Machine Parts, 90% of the time
I’m lucky, my LCS Is great, his prices are always better than any online bullion dealer, last week I paid $28 for Buffaloes and $18 per dollar face for 90% Keep Stackin bro
That’s great 😎👊🏻💯 you got yourself a Gem of a coin shop bro
My coin shop charges 20$ face
True! Just called one that was 100.00 more than online!
That’s insane 🫢
I wish there was a competition over which LCS has the lowest "sell to us" prices lol. I stopped going because I like to trade, and my LCS's price list includes buying back ASE's and Engelhard AT SPOT price. It's like a lot of these businesses want to fail.
Exactly, its hard to come across a good LCS nowadays hence why I buy online 95% of the time
My only local dealer is 6 over spot on silver generic rounds so I haven’t bought anything from them
That’s crazy expensive 😬
I'm fortunate to have a couple of good shops in the area.
That’s great 😊
Hi High Desert Pioneer! Me too! 😎
Then you're going to the wrong coin shops. I pay $3.50 over spot for most generic rounds and bars. I pay $4.50 over spot for Maples and Philharmonics. Plus the best part of buying from your LCS is NO paper trail. Nothing connecting you to the sale. Which gives me some peace of mind.
Like I said there are many great coin shops out there but I’d say 2 out of 10 shops are great , that’s just been my experience and I’ve been to hundreds of shops across this beautiful country. I do like the fact I get to walk out with my silver or gold the same day , I like that you never know what your going to find and most importantly no paper trail but online dealers have much better prices and the convenience of it , just me .
I’m lucky here in Southern California. I have a good LCS and you’re right - it’s partly about the relationship. The owner is a stacker and really tries to be fair. Congrats on 3K subs.
ThTs the best dealers to have the ones who appreciate metals and stack or collect themselves 😎👊🏻
Congratulations on the 3000 subscribers! You deserve it, Patriotic! Regarding LCS buys, you raise some good points. I don't buy a lot from my LCS, but I view it as a key relationship to have and maintain... and sometimes that comes with a premium. Keep stackin', my friend!
Definitely important to build a relationship ship with you local coin regardless if you buy from them
Or not. Thanks for watching and being a friend weekly 😊👊🏻🇺🇸
@patrioticstacker they don't care about building a relationship. They must have had too much business in the past 3 years.
One of my local coin shops will only allow one bigger cash purchase per year. He wants check or wires which is why I never visit his shop.
Yeah that’s not good at all haha
I prefer purchase from Local Coin Shows though I still occasionally visit my LCS for small purchases. Southern ca, and surrounding area has at minimum 1-2 shows each month. This way i can avoid the Ca $2000 Tax minimum. coins shows have no minimums and no receipts, this is my preferred method. Subbed! Additionally I have yet to order Bullion Online
I've never heard of a tax a Democrat doesn't love. Gavin Gruesome and Democrat majority have crushed us in California
Thanks for the sub 😊and yeah there are some great LCS out there and I’m
Also from a state that charges tax on metals however it’s only $1,000 so my trick to avoid it is buying over $1000 and we both know that’s not hard to do bc metals are very expensive or if I don’t want to spend $1000 I’ll send my packages to a friend out of state that doesn’t change tax and then he sends them to me , also my local coin shops don’t charge tax if I pay with cash so that’s another way to avoid that damn tax lol
@@patrioticstacker there are many ways to skin a cat. And many ways to avoid sales tax on precious metals lol
I have often bought from the large online dealers but there is one advantage to a LCS and that is no paper trail to your purchase. Online dealers use electronic banking to make the transaction and that can be used by the government in the future if they want to confiscate ones precious metals. On top of that there are good LCS out there. You just have to shop around.
That’s a lot of variability with LCSs these places aren’t chain businesses, so each one is run differently. Still worth checking out, but some areas just don’t have them or have good ones.
🔥🦈🌊
Exactly. There are definitely some great shops out there!
I have a gem coin shop about 45 minutes from me. They arent super-common though.
Need to seek out the good shops and frequent them.
Can’t beat those Gems 💎 😎👊🏻
The only real silver/gold shop near me is an hour away. Have bought 90% of what I have from one online provider. Some of it is because I didn't buy speciality stuff but mostly all Credit Swisse rounds and bars. No looking back. Pretty much done buying. I have my horde and satisfied to sit on it.
So you are at the sit and hold stage of your stack 😎🍻 that’s awesome bro
I have a great LCS, the man has been a coin lover all his life and is the go to guy for old coin expertise. Prices are a little higher on bullion than i would like, but I like the man and helping him keep the hobby alive.
See I’m a bullion guy , I’m pretty much a stacker I do collect from time to time but not much so bullion is my main concern and I want the best prices but you can’t beat a good relationship with your coin shop owner 👊🏻
Hi Homestead Aquarius! That's great that you support local! 😎I try to, as well, whenever I can!
Hi Patriotic Stacker! I love the LCSs' I frequent! I find they all have something different to offer! For example one has silver and gold in cases, another doesn't have anything out, you have to ask for what you are looking for. None of that bothers me, I just need to know that they do business differently. 😎I have one LCS that always gives me the lowest prices on silver and gold bullion!
That’s great bro 😎 it’s a hit or miss but that’s exactly what makes it fun , I agree 😎👊🏻
Bought my first silver yesterday at a local pawn shop at over $5 spot. Either way i was happy since it was my first buy. But lost 1 bar somehow omw home. Might have fallen out my pocket when i got into my car. It kinda stung, so i kinda want to avoid accidents and try buying online.
Hero Bullion and Monument Metals are my go to .. I've only bought from those two vendors ..I'm new as well (3 months) .. that's rough losing one ..hero Bullion and Monument Metals I have my silver or gold in less than a week..usually 3 days
Congrats on your first purchase 😊and man I’m sorry to here that
@@tracyoneill4200two of my favorite dealers 🤩 and welcome to the community 😊
@@tracyoneill4200 slot of videos I've seen recommended MM. I've checked them out and they seem to have some good prices
@@patrioticstacker thank you.
ima do a deep clean tomorrow and see if it pops up in my car if not I'll just chalk it up to a L
I’m within easy driving distance of a half-dozen coin shops, with quite a few more in the two nearby cities. What I’ve observed over the years is that local coin shops are great for the sake of convenience, and to talk shop, ask questions, and get free coffee and doughnuts. You can’t get that with the big online dealers. They both have their place, though. For LCSs, I’ve found that the ones who charge a bit more also pay more than I expect when I want to sell… plus, if selling, I don’t have to go through the hassle of packing and shipping bullion to a big online dealer, all the while worrying that my package will disappear between here and there. Finally, as you mention in the video, I do like to support my local businesses.
Well, I don't buy from the LCS, simply because there aren't any.
😂 I hear you my friend
Same here as I only buy online.Been lucky with no issues with theft,etc.Memphis is closest 4 me to an LCS and there is too much crime in Memphis now.😢
I just went to a new lcs that’s really close to my house. Got an Asahi 10 oz bar for less than the cheapest one on eBay.
That’s great . That’s what I like to hear 👊🏻 might be a good gem of a coin shop
Love from coney island keep stacking brother
A fellow New Yorker 😎👊🏻🍻 thanks
Hi Nicole Paul! Yes, stack on! 😎
I get it! I prefer to shop with my LCS's, but it really comes down to price and selection....which online dealers really do good out there!
Exactly. Like I noticed my coin shop has better prices on 90% silver and numismatic coins
The online fees and shipping costs keep my interest close to home. I don't have to spend so much to get a good deal.
Depends on the state and if the charge tax . Ny is $1000 but I always spend that or more to stay away from that crappy tax lol
you're using the wrong sites, or buying less than $200 at a time...
....or both 😆
bank account instead of debit / credit card, free shipping for over $200
@@CornDogShaun Thanks. I know you're right.
I buy most of my silver on eBay....some at my LCS, but not much.
I’ve found many great deals on eBay 😎 good place to stop at once and awhile
My LCS is usually a little cheaper than online dealers, the problem is 50 miles away and fuel is definitely a factor so I like getting stuff in the mail from Monument and Bold.
Yeah that’s another problem. Not every town or city has a coin shop tbh coin shops are just getting harder and harder to come by
I feel this. There is no lcs near where I live so I buy all online through different dealers. It's mainly just watching and seeing who has the best prices at the time.
Exactly! I search about six dealers before I make the purchase and those dealers are usually Hero Bullion, Monument Metals, Liberty Coins, Bold Precious Metals, Bullion Exchange, and from time to time Great Lake Coins . I also do a lot of peer to peer
I'm still getting great prices at my LCS here on the south shore of LI. And I never spend more than +$2 on generic rounds and bars. 90% and ASEs as well.
You got a gem of a shop , very rare these days 👊🏻
What town on Long Island
My LCS is really competitive with gold, sometimes even cheaper than anywhere online.
Not at all with silver though, usually right around $5-6 over spot even on generic, and not great on junk silver either.
Yeah that’s the problem I find a lot only luck is with the 90% U.S. junk silver
Silver Eagle in Va Beach is awesome ! I always enjoy my visits there !
Hey bro I’m going to sand Bridge Virginia Beach, VA in august 😎
I rented a condo right on the beach I’ll be there from August 26-September 2nd so a full week and silver and gold stack attack is coming up to stay with us for three days so you should definitely come and hang out , we can all go to my favorite dealer 😎👊🏻
I think the secret is to have an LCS as a partner-participant in stacking. (If you buy a fixed amount every month, the LCS owner will see you as a valuable customer - someone he wants to treat well to maintain the steady purchases, as opposed to the casual walk-in, where they are more inclined to get top dollar for their stuff)
I am blessed to have a good LCS near me, and his prices are usually cheaper than the budget online places like Bold Precious Metals.
(as an example, he sells new bullion silver at +$3.50 over spot - stuff like 10oz Germania bars, 1oz Buff rounds, +$2.50 over for secondary market silver etc) - He does have a 20oz minimum purchase though.
I have only sold metals a few times (8 ounces of gold over 2 sales and 300 ounces of ASE's on a single sale)
My LCS paid more than I was quoted at the online places I got quotes from, and I got paid in cash on the spot, and I did not have to mess with shipping anything out.
I have 3 other places near me, and between those 3 and online, I would do what you are saying and go with online buys.
That’s a great coin shop you got , definitely a keeper and you will find great shops like that from time to time , I mean me and my LCS have a really good relationship and treats me good but sometimes I have to put them in check on the prices lol but yes I agree ! Establish a relationship 👊🏻
To get a good deal you really have to look around. Enjoyed the video.
Exactly! Thanks for watching C&C
Build a relationship with lcs, give them feedback to improve their business .Moving spot creates a need for moving premiums at times.
If you look up Dart Stamp and Coin Google review my review Is the most viewed 😎 I have a very good relationship with my dealer but I’ve noticed outside of my coin shop the prices are not the greatest but that’s not all of them I do find some keepers from time to time
Love the local L.C.S. sometimes can get real good bargains on harder to find older bars, Also 90% a little higher, but sometimes find the harder to find dates.
I’ve noticed local coin shops do have better prices when it comes to the 90% U.S. junk silver so I usually buy my 90% from my LCS
I also much prefer online bullion dealers over my local coin shop due to their prices. Once I went to my LCS for capsules to put on coins they never get and the owner said I should support them more and I explained that online bullion dealers have great sales and value but he disagreed with me
Guess its different depending on where in the world you are. Here coin shops - at least the ones with owners active online - usually are relatively competetive compared to bullion dealers. But it depends on which coins - the local coins are usually cheaper at the bullion dealer. However if you want to sell and don't want to spend the time and hassle to sell it privately then if what you have is just about bullion - then at least for gold the bullion dealers often offer you the most. Just be open minded and trade where ever you get the best pricing - at least when competition works well and there's room for both types of businesses.
Exactly! It’s a hit or miss , double edge sword.
In my experience with LCS in Florida . They buy for less , sell for less and have much weaker selection than online dealers.
That is true . All the times I’ve been to Fort Lauderdale I’ve never found a good coin shop lol I mean it’s Fort Lauderdale but still lol
Hi Mack Stack! Yes, that sounds about right! I have 4 LCSs' that I frequent in FL, but I'm usually looking for bullion or 90%! 😎
I’d you’re a straight stacker it might be hard to find deals at local stores. Imo the local lcs is for collectors mainly. My lcs always tells me it’s hard to do much with general bullion or generic rounds. The margins a slim and they have to make a profit
Exactly! I mean that’s what coin shops were all about back in the day it wasn’t until recent years they started getting bullion. Just think if it wasn’t for shops selling bullion they would be long gone bc there aren’t as much collectors now like it use to be . Numismatic is better for profit and bullion is all about quantity so it’s definitely harder for shops to make that profit so I understand why the bullion tends to be more expensive vs online but tbh I noticed that numismatic are cheaper at LCS
Those RCM bars torment me. I am lacking in the 10oz RCM bars.
I have tons of other bars like Britannia and vintage stuff, but I think RCM bars are the best to stack.
I need to get more. :-)
They are great 🤩 like them so much .
Work more overtime. :)
Vermillion Enterprises had American Silver Eagles
Spot plus $ 4.50 !!!!
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸👍
Yeah I’ve seen that 🤩
If you become a good customer and become loyal you will see some appreciation from them if you don't they will only see you as that guy that never buys
That’s very true , I have a very good relationship with my LCS but outside my coin shops I’ve noticed the prices are not the best
@@patrioticstacker I stopped at a pawn shop they had 3or 4 buffalos
I bought them 25 each
He said I have two rolls of these I bought them
Nice guy said he would let me know when something comes in
👍
I work with bullion dealer who works with small margins and consistently beats all on line sellers.
I like variety. Some of my favorites include the Scrooge McDucks Nuie silver ounce rounds! When I was a little kid I liked watching Duck tales and dreamed that I had enough gold to go for a swim in it. We grew up poor and only could afford to eat cheese sandwiches with ketchup packets.
Yeah I always wanted to swim in a pile if gold 😂and yeah man it’s tough out there but hey now your stacking bro 😎👊🏻 you are doing well
Once they started adding tax to California residents, I stop buying from coin, shops and online dealers. Found a bunch of good dealers/people through coin groups on Facebook.
Best way to stack Ag/Au/Pt imo. Thx
Exactly. Got to find those loop holes . I mean I live in ny so I know all about it but this is what I do so I don’t have to pay tax I’d spend over $1000 each time and that’s really easy to do bc metals are definitely not cheap but if I don’t want to spend $1000 I’ll go to my LCS and pay cash or I’ll ship to a friend out of state and he sends me my package
I also buy from groups also
I have bought a lot of junk silver at pawn shops, but like you most of my bullion from bullion dealers. Great video!
I like fractional gold (1/4s) and 20 gold francs. I looked at SD, Amex, J/M, Provident.... and the best 20francs has been at a LCD consistently.
ALSO...... I live near the border, and THE BEST 1 oz gold bars I have consistently found is in Vancouver! They usually beat everyone ...online big boys, and my LCS by about 20-30$ on a gold 1 oz bar. When I am up there, there is always one of the three I frequent who cream everyone. They seem to rotate their competitiveness, so a stacker needs to phone and compare. These dudes are bullion dealers though..... they are all about weight and purity. Collectibles are not their bag.
PS... the only problem is zero on line access to product
Wow that’s a great shop man 😎 I’ll have to check them out if I’m
Ever in that area
It depends who's working the counter at my lcs. My main guy takes care of me... the other 2 partners, not so much.
Yup helps to have a good relationship 👊🏻
Was looking to score my first one ounce gold coin, either an ASE or Britannia. JM Bullion $2,003. SDBullion $1,978 My local coin shop $1,960. I also bought some 1/4 ounce gold eagles from the same shop much less than the online dealers wanted. Another thing I like about the local shops I can pay in cash without raising red flags at the bank using wire or debit card options. I guess it depends on the shop. I personally love my local shop and have built a really good relationship with them.
Agreed they charge to much I understand 3-4 but 5plus nah I’ll wait .
Exactly 👊🏻
My LCS pays spot or back of spot. He sells 1 oz generic rounds for $35 and coins for up to $50. I pick up something every other week just to support the local business, but 99.9% of my bullion I buy on-line.
Yeah he’s definitely expensive! Yeah that’s what I do too 😎👊🏻
Yeah, that is expensive indeed. Yikes. None of my local dealers are that unreasonable.
I do only pay cash try not leave a trail don't tell them where you live or give a email for them for a online newsletter. If you pay online to a dealer you have give your card details leaves a trail for government to find and take your gold or silver by force when it starts to run out. It will in 9 years time everyone who uses silver will feel the pinch prices will shoot up to £2000 a ounce & then $60-70,000 a ounce when silver only exists in private hands not in mines or banks anymore. Silver in India sells for 3x the amount what it sells for in the west which I've heard from people who trade in Bullion.
Yeah that’s very true , I mean I do buy from my coin shop from time to time but mostly a online guy but yeah if they ever decided to come knocking at my door they will be looking down a double Barrel
In my area, there are clearly pawn shops and coin shops, and they are very different. Almost all the pawn shops are trying to steal product from their customers and sell it at an almost retail price. Most people walking into a pawn stop need the money. They're not just looking to trade up or get something different. If the shopkeeper can screw ninety percent of their clients product, they just get used to it. Of course, there are exceptions, but that's what I find in my area around the Md. Va. and DC. On the fl I p side, coin shops are much more relationship oriented. If your typical coin shop customer walks in and feels like they're getting screwed, they walk out..
Yeah I’ve noticed that especially down south. a lot more pawn shops vs coin shops and yeah I consider those pawn shops legal robbery
My local LCS sell Silver Eagles for $30. Will buy them from him before online. But online beats him on other PM's. Just need to shop around like any thing else.
There's only one dealer near me but even then he's at least a 45 minute drive away and he doesn't pay spot even for eagles and buffalos.
He pays under?
@@patrioticstacker yea 2% below spot for Eagles and Buffalos and 30 dollars below for Maples.
Drive 45 minutes in the opposite direction of this LCS. You should never get below spot kid ever
I was just at that VB shop. They have every single year of silver eagle available.
I have one LCS that treats me really well. But for most coin shops I tend to agree that you can get it cheaper from good online dealers. I’m starting to really like peer to peer transactions as well
Exactly. For every 10 coin shops you are lucky if you find two good ones but yeah a lot of good online dealers and yes peer to peer is great but can’t stress it enough to make sure you get references from other buyers and sellers. Thanks for watching 😎👊🏻
I wouldn't buy from a LCS at those prices either. My shop has generic rounds and bars at 3 over and we have 10oz scottsdale stackers for the 2.50 over. Eagles are 7 over.
Interested in some Scottsdale stacker at $2.50 over if you got any more?
@@patrioticstacker we had 10 on Tuesday, I think we have 1 left. I will know for sure tomorrow
I hear UA-cam channels recommending SD Bullion, APMEX, JM Bullion, etc - these places don’t have “consistently” better pricing than my LCS. Yes, SD Bullion pulls their “Silver Coin at Spot” - thanks for the ONE coin to get people to buy other stuff BUT then they STICK in that 9.95 (5-10 day shipping) or that 14.95 PREFErred by customers Shipping rate. Yes, if I want a one-off item then maybe but my LCS is better.
You know why they are pushing those crappy expensive online dealers? It’s bc they line their pockets 😑 they aren’t pushing them bc they a good companies it’s literally bc they are getting paid , I literally just called out SD bullion like two vids ago , go check it up . Monument , Hero, Bold, liberty , bullion exchange in my opinion are by far the best dealers online
@@patrioticstacker I have bought from Bullion Exchange several times; good service delivery.
hero bullion
Good video buddy boy. I’ll call ya back today 😘.
Thanks Pepe popo 😎👊🏻
LCS don't charge you tax and bullion dealers do.
Not true I’ve paid taxes at many local coin shops in ny but never again I but over $1000 so I don’t have to pay tax
It depends on which state you are buying from as far as taxes go.Most states(about 40 maybe) don't charge tax.When I started stacking AG a few years ago,I paid tax on my online buys.11% then but now has been eliminated.Arkansas.
They can not compete and they do not have the capital to buy your metals when need to sell.Ask yourself if you needed to sell could your LCS handle 50,000 dollars [or whatever the type of currency is at the time?????].!!!!!MONUMENT IS THE BOSS.
Exactly. It would probably take them a week or two to take everything off my hands or I would be given a check and we all know how that is haha
I have a good LCS in Sterling, Mass.
Edit: Lincoln Stamp and Coin in Worcester went out of business. So I deleted my remark.
That’s awesome dude 😎
Being that it is an unregulated market and the market is real small LCD can pay what ever they want. Around my parts LCD always pay less than spot, always.
Hi Mane! That's just cruel! Have they not paid attention to premiums over the past 3 years? That's odd, but I've seen this type of comment a few times before. I guess it may depend on where you live. 😎
Yeah see that’s a no deal for me . No bullion is worth under spot at least pay spot or a bit over
Great video.
Thanks spoke 😎👊🏻
My LCS asked for a dollar more over spot every time I went in. I stopped going after he wanted 7 over for a 10oz bar
I don’t know about ur LCS, but mine will always beat the online retailer, even on their specials. They just look it up on the phone and beat it. Even if it’s $1-$4 less than what’s in their board…
Lcs guy is a G on money cloud 9!
That’s great 👊🏻
I dont have much of a selection around me and previous purchases i could have easily get a better deal elsewhere, i did visit a couple counshops just outside of town, and did get some good deals, but i think it was a fluke, one sold me foreign coins at spot, another some proof sets, thou the stuff in the window could easily be sourced elsewhere for cheap.
A shop/dealer ought to make money off the spread, unless they get reasonably equal amounts in and out themselves have to source it online at a premium and merk it up some more when they have more demand than offer
Premiums for generic silver here in Oregon have collapsed. They were $5 over spot, now, they're at $3. The prices were ridiculous...
Hero bullion best prices, I see your in Orange County. I'm in NYC.. Anyone in Manhattan do you know of that has good deals ? Local shop near me went under due to greedy Landlords
Oh wow so you are local? Very cool man 😎 have you been to the bullion exchanges store front in nyc?
Agree with you about Hero.
Liberty and Pinehurst tend to be the cheapest on eBay.
I like the coin shops, I give them cash they hand me silver. No paper trail.
Nicely-balanced presentation
Love those RCM bars. Don't shop my locals. Never even go in to hear that BS they try to take advantage of you.
Yeah I’m
Not about that too brother. Yes those rcm bars are great 🤩
Werd, never take for granted a good honest LCS
Exactly. It’s a keeper
Hey now what about coin shows lots of venders,tons of choices and sometimes you can negotiate.We have 5 local ones more than 15 a year!
There are great shops out there 👊🏻
Congrats!
I hope to get a thousand subscribers
You do videos? I’ll check out your channel
@@patrioticstacker ua-cam.com/video/FNOR6iKMou8/v-deo.html
I do prefer generic rounds over generic bars. I seem to do better on the resales.
I stick to my 10oz and kilos 👊🏻😎
@@patrioticstacker I love the silver bars, too.
Agree 100%!
😎👊🏻🇺🇸
Seem like LCS in CA are a straight rip off. They want over $32 per oz for Franklin's, and most silver is $6 over.
Yup exactly and not far from Ny coin shops 😑 however I do know a few great coin shops by me and I’ve built really good relationships with them
Can someone explain how silver is a good hedge over inflation? 100 yes and silver is 23$
I don't think the igr bars are
generic, they are my favorite
10 oz silver bars, now my igr
bars are the old style with
the serial numbers stamped
the bar in plastic with an
Assay card on the back,
i bought the 2, 10 oz when
spot was really low, $218.00
for each bar, mine are the
old style bars make iook generic
mabee thats. what you meant?
10 ounce silver bars are thick
New Subscriber 🎉
Thanks for subbing 😊👊🏻🇺🇸
The coin shops don’t care if you don’t shop there. They have other, real patriotic, that by American coins….
Local shops in my area are very high compared to online bullion dealers
Yup it’s like that pretty much everywhere and it’s to be understood due to being the small guy . Thanks for watching 😊
I have notfound that. On line ones were the same or more
I stopped because I got a silver plated copper bar.
I appreciate your videos however I don't agree with you. I will only buy from my LCS. No shipping charges and payment is only in cash. I don't want my transaction tracked online. If that's what works for you great. I just don't agree. My LCS is usually better price than online maybe I've just been lucky 🍀
Agree 100%
You definitely got a gem of a coin shop 👊🏻 yes i mean cash is king but at the same time what’s the difference? Every time we buy a gun If we use cash or card it’s all still logged. Besides best of luck to the person or persons coming to my house to take my metals or guns . GOOD LUCK LOL thanks for watching 😎👊🏻🇺🇸
I'm not sure about you but I like my privacy too much to pay with a check or worse yet credit card I'll bay a fraction more to be anonymous but you do have your opinion
I’m big with privacy and layered security but at the same time I like to get the best price for my dollar , I do know there is a paper trail when buying online but If anyone decided to come knocking at my door well they will be greeted with a double barrel
New subscriber here.
Does ANYONE know of any online dealers that are cheaper than Hero Bullion & Monument Metals???
Hmm it’s hard to say bc some dealers might be cheaper on 10oz bars and some might be cheaper on 1oz rounds . Your best bet is to shop around . So say you want a tube of eagles before you purchase just check out four or fix online dealers before pulling the trigger. I have luck at Monument , Hero, Bold precious metals , Bullion Exchanges, Liberty Coin , Great Lake coin , And even eBay from time to time
@@patrioticstacker THANK YOU for that information. 👍
US Gold Bureau out of Texas has pretty good deals almost or close to Hero.Private Co. not affiliated with the government.They offer free shipping on $99 orders and I buy there when my $ are scarce.
@@winnhill3736 THANK YOU for that information. 👍
I like your intro
Thank you 😎🇺🇸
What about coin shows? Any opinions?
You and yankee are intresting to. Watch i made a coment that yankees tim prices are high and his viewers attacked me i tried to buy from tim and could not pay that much more they said i bidnt know he was more yes i do been there
Cant a single thing your saying, got my volume turned all the way up, still nothing.
GREAT POINTS PS
Thanks James 😊